The Odysseus Paradox
In less than two weeks, the Supreme Court of Cyprus will decide the fate of the Auditor General following charges filed against him by the government for improper behaviour. Odysseas Michaelides has been a controversial figure within the otherwise tame civil service. He has a habit
The U.S. added a disappointing 142,000 jobs to the labour market in August, less than the expected 160,000 nonfarm payrolls, prompting the
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In less than two weeks, the Supreme Court of Cyprus will decide the fate of the Auditor General following charges filed against him by the government for improper behaviour. Odysseas Michaelides has
Read MoreThe Consumer Price Index (CPI) increased marginally in August to 118.0 points, up 0.31% from 117.73 in July, with the rate of
The island’s residential market is cooling down for the first time in four years, despite significant annual increases in property prices and
Hellenic Bank, poised to become the largest lender in Cyprus after a series of takeovers and consolidation in the banking sector, recorded
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Nvidia shares fell almost 10% on Tuesday, erasing nearly $300 bln in value — the biggest single-day loss ever for a US stock — but investors shouldn’t write-off this chipmaker, should consider it as a buying opportunity and explore the
Read MoreHellenic Bank, poised to become the largest lender in Cyprus after a series of takeovers and consolidation in the banking sector, recorded
Moody’s Ratings has placed all Hellenic Bank ratings and assessments on review for upgrade, with the exception of the Prime-2 short-term Counterparty
The Hellenic Healthcare Group (HHG), owner and operator of nine leading private hospitals in Greece and Cyprus, has added the American Medical
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Europe should remain united in condemning Russian aggression and keep applying pressure to make Moscow change its behaviour, President Nicos Anastasiades said during his trip to Estonia. He urged the EU to
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In 2018, 7% of EU enterprises employing at least 10 persons used industrial or service robots, Cyprus had the lowest percentage in the bloc. Large enterprises use robots much more (25%
MoreThe island’s residential market is cooling down for the first time in four years, despite significant annual increases in property prices and rents across Cyprus. Recent quarterly data suggest that this slowdown
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In less than two weeks, the Supreme Court of Cyprus will decide the fate of the Auditor General following charges filed against
Industrial production in Germany is higher than industrial production in France and Italy combined. However, the self-inflicted demise of German industry is
The island’s residential market is cooling down for the first time in four years, despite significant annual increases in property prices and
Pessimism about demand growth is weighing on oil prices worldwide, as demand forecasts for 2024 have been steadily revised downwards. The International
Foreign investment and increased local demand keep markets on a growth path As Europe’s real estate leaders grapple with a market
Energy
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The benchmark West Texas Intermediate (WTI) trades around $68.60 in early Asian markets on Friday, hovering around 68.37 recorded on Thursday, the lowest since December 2023. Crude oil prices depreciate due to concerns over demand in both the United States and China.
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Industrial production in Germany is higher than industrial production in France and Italy combined. However, the self-inflicted demise of German industry is
The price of benchmark crude West Texas Intermediate (WTI) fell for the second successive session, trading around $72.50 a barrel in Asian
Pessimism about demand growth is weighing on oil prices worldwide, as demand forecasts for 2024 have been steadily revised downwards. The International
World
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The U.S. added a disappointing 142,000 jobs to the labour market in August, less than the expected 160,000 nonfarm payrolls, prompting the
More
The benchmark West Texas Intermediate (WTI) trades around $68.60 in early Asian markets on Friday, hovering around 68.37 recorded on Thursday, the
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With the US political landscape shifting dramatically towards protectionism, deVere Group, a leading independent financial advisory and fintech, is advising investors to recalibrate
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The price of silver (XAGUSD) continues to gain ground for the second successive session, trading around $28.40 per troy ounce in Thursday’s
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Maritime
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The Daleela passenger and car ferry resumed its Limassol to Piraeus sailings for the third season on Wednesday and will continue to early September. The roll on-roll off vessel embarked from Limassol with 126 passengers on board, 49 vehicles, nine
Read MoreWorkers at Kition Ocean Holdings, operator of the Larnaca marina and port concession that was terminated by the government on Monday, claiming
President Nikos Christodoulides emphasised the important contribution of shipping to the economic development of Cyprus on Tuesday, adding that his administration “will
Larnaca port has come to a standstill after dockworkers decided Wednesday to continue their strike until overtime pay demands are met. The
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Cyprus continues to suffer from high temperatures with the authorities issuing a rare, yellow summer warning
On the morning of October 7, 2023, I found myself reading the Economist when suddenly a
Primary pupils were sent home early on Friday, as soaring temperatures reached a high of 45
Cyprus recorded the hottest June in 23 years, with inland temperatures reaching an infernal 43.6 degrees
Aristotle, the ancient Greek philosopher, famously observed: “There is nothing more unequal than the equal treatment
